Equities analysts expect that Fidus Investment Corporation (NASDAQ:FDUS) will announce $17.82 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Fidus Investment Corporation’s earnings, with the highest sales estimate coming in at $17.98 million and the lowest estimate coming in at $17.58 million. Fidus Investment Corporation reported sales of $17.28 million during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The firm is expected to report its next quarterly earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Fidus Investment Corporation will report full-year sales of $17.82 million for the current fiscal year, with estimates ranging from $69.13 million to $69.53 million. For the next fiscal year, analysts expect that the firm will report sales of $74.29 million per share, with estimates ranging from $71.76 million to $77.39 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fidus Investment Corporation.

FDUS has been the topic of several research analyst reports. Zacks Investment Research raised shares of Fidus Investment Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub raised shares of Fidus Investment Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th.

Shares of Fidus Investment Corporation (FDUS) opened at $15.97 on Wednesday. Fidus Investment Corporation has a 52 week low of $15.60 and a 52 week high of $18.21. The company has a market cap of $388.46, a P/E ratio of 10.37 and a beta of 1.14.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 20th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.56 annualized dividend and a yield of 9.77%. Fidus Investment Corporation’s dividend payout ratio is currently 79.19%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BB&T Securities LLC lifted its holdings in Fidus Investment Corporation by 23.4% in the third quarter. BB&T Securities LLC now owns 219,466 shares of the asset manager’s stock valued at $3,529,000 after buying an additional 41,592 shares during the period. D.A. Davidson & CO. lifted its holdings in Fidus Investment Corporation by 51.3% in the third quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock valued at $160,000 after buying an additional 3,394 shares during the period. Yorktown Management & Research Co Inc lifted its holdings in Fidus Investment Corporation by 14.6% in the third quarter. Yorktown Management & Research Co Inc now owns 275,000 shares of the asset manager’s stock valued at $4,422,000 after buying an additional 35,000 shares during the period. Novare Capital Management LLC lifted its holdings in Fidus Investment Corporation by 4.5% in the third quarter. Novare Capital Management LLC now owns 345,544 shares of the asset manager’s stock valued at $5,556,000 after buying an additional 14,725 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Fidus Investment Corporation by 9.9% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 286,058 shares of the asset manager’s stock valued at $4,599,000 after buying an additional 25,711 shares during the period. Institutional investors and hedge funds own 30.70% of the company’s stock.

Fidus Investment Corporation Company Profile

Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.

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Earnings History and Estimates for Fidus Investment Corporation (NASDAQ:FDUS)

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